Rosh Ha'ayin, Israel - March 2, 2006 - BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF), today announced a contract valued at $2.7 million for the provision of an F-16 MLU Improved Unit Line Trainer (IULT) for an international customer.
BVR's state-of-the-art F-16 IULT enables mission and tactical training and instruction of both new and experienced pilots. The Simulator consists of the following major components: a single-seat F-16 MLU cockpit; an Instructor Operator Station; a visual display and image generation system; computational systems; and BVR's synthetic tactical environment, which uses sophisticated Computer Generated Forces. During training exercises, pilots will be able to train air?to?air and air?to?ground combat scenarios in a highly saturated threat environment.
The F-16 MLU simulator may be networked to other simulation systems, thereby providing a distributed mission training capability. The training system will enable pilots to train on a vast range of operational tasks and emergency procedures.
BVR Systems' Chief Executive Officer, Mr Ilan Gillies, noted that this contract was awarded on the basis of BVR's continued success in the delivery of F-16 simulators to our continuously widening base of international customers. "We are very proud to have being awarded this F-16 MLU simulator contract, which brings to greater than ten (10) the number of different types of F-16 simulators BVR has delivered to air force customers worldwide. We believe that the customer's decision reflects its confidence in BVR's unique capabilities and solutions."
"The design and architecture of the simulator is based upon BVR's proven experience in F-16 flight simulators accumulated over the past decade," continued Mr Gillies. "Following closely on from the award of the Israel Air Force F-16I sub-contract to Elbit in September 2005, BVR's position as a world leader in the supply of F-16 Distributed Mission Trainers continues to go from strength to strength."
About BVR Systems
BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions to the simulation, training and debriefing needs of modern air, sea and ground forces.
For more information visit the Company's web site at http://www.bvrsystems.com/
Contact:
Ilan Gillies - CEO
BVR Systems (1998) Ltd.
Tel +972-3-900-8000
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management of BVR only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; decline in demand for BVR's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of BVR to differ materially from those contemplated in such forward-looking statements. BVR undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting BVR, reference is made to BVR's reports filed from time to time with the Securities and Exchange Commission.
